Get CA Perceptive Enterprises Contractor Fringe Benefit Statement 2009-2024

Fringe benefits are allowances and services provided by employers to their employees as compensation in addition to regular salaries and wages. Fringe benefits include, but are not limited to, the costs of leave (vacation, family-related, sick or military), employee insurance, pensions, and unemployment benefit plans.

When recording your employees' benefits in your payroll or general ledger, list the amounts you withheld from their paychecks for benefits under the respective accounts as credits. When recording wages paid, include fringe benefits paid to your employees, as a debit.

fringe benefit | Business English an extra thing that is given to you by your employer in addition to your pay but is not in the form of money: Fringe benefits include a company car and free health insurance.

Common fringe benefits are basic items often included in hiring packages. These include health insurance, life insurance, tuition assistance, childcare reimbursement, cafeteria subsidies, below-market loans, employee discounts, employee stock options, and personal use of a company-owned vehicle.

What Are Fringe Benefits Examples? Some of the most common examples of fringe benefits are health insurance, workers' compensation, retirement plans, and family and medical leave. Less common fringe benefits might include paid vacation, meal subsidization, commuter benefits, and more.